This Week’s 21st Century Covered Call Selections
There is one new selections this week: JPM
| Market Edge Opinion: The technical condition of JPM is improving. Some of the indicators have turned positive suggesting that a bottom in the stock price has likely occurred. The stock is underperforming the market over the last 50 trading days when compared to the S&P 500. The MACD-LT, an intermediate-term trend indicator, is bullish at this time. A close above $101.89 is a number to watch to confirm a trend reversal. Momentum as measured by the 9-day RSI is gaining in strength. The stock is in a short-term overbought condition based on a Slow % K stochastic reading of 80 or higher. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that JPM is under accumulation, which is a bullish condition. The stock is above its 50-day moving average which is pointed down. This is supportive that the trend is improving. |
Current Open Positions
| The Market Edge – Market Posture: | Bullish | VIX | 14.91 | Neutral | |||||
| # Of | Stock | S – Call | L – Call | Credit | Best | Week % | Approx. | Approx. | |
| Stock | Weeks | Price | Strike | Strike | Spread | Bet | Return | Div Date | Dividend |
| UTX | 4 | $127.62 | 128.0 | 130.0 | $0.66 | 5.0 | 0.5% | None | $0.00 |
| IWM | 4 | $156.21 | 156.5 | 158.5 | $0.67 | 5.0 | 0.4% | None | $0.00 |
| CVX | 3 | $118.86 | 119.0 | 121.0 | $0.68 | 10.0 | 0.6% | 02/14/19 | $1.19 |
| MSFT | 2 | $108.25 | 108.0 | 110.0 | $0.61 | 7.0 | 0.6% | 02/20/19 | $0.46 |
| NVDA | 2 | $158.95 | 160.0 | 162.5 | $0.96 | 6.0 | 0.6% | None | $0.00 |
| JPM | 1 | $104.18 | 104.0 | 106.0 | $0.90 | 8.0 | 0.9% | None | $0.00 |
| Prices Are Monday’s Opening Prices | |||||||||
| Stocks Have Strongest Market Edge Opinions | |||||||||
| Weekly % Return: The Higher The Better | |||||||||
| Best Bet: The Bigger The Better | |||||||||
Results for this week’s trades will be posted over the weekend on the Scoreboard.